J & A Love Foundation
- Assets
- $3.6m
- Revenue
- $1.5m
- Investments
- $3.1m
- Employees
- 0
- Location
- Fullerton, CA
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-2838890
Organization Overview
J & A Love Foundation is located in Fullerton, CA. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J & A Love Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, J & A Love Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.8% each year .
Since 2019, J & A Love Foundation has awarded 18 individual grants totaling $346,782. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORLD VISION - CHILD SPONSORSHIP SUPPORT
COMPASSION INTERNATIONAL - CHILD SPONSORSHIP SUPPORT
SA-RANG COMMUNITY - DONATION TO CHURCH
FRIEND FOR SPECIAL NEEDS - CHILD SPONSORSHIP SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Sangmin Lee Director | 0 | $0 | |
Ana Hayeon Lee Trustor | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,051 |
| Dividends & Interest | $8,852 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,015 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,500,000 |
| Total Revenue | $1,500,888 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $79 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,195 |
| Contributions, gifts, grants paid | $117,578 |
| Total expenses and disbursements | $127,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $558,306 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,086,545 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,644,851 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $400,000 |
| Total liabilities | $400,000 |
Grants Awarded
Over the last fiscal year, J & A Love Foundation has awarded $117,578 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMPASSION INTERNATIONAL PURPOSE: CHILD SPONSORSHIP SUPPORT | $83,372 |
WORLD VISION PURPOSE: CHILD SPONSORSHIP SUPPORT | $23,400 |
SA-RANG COMMUNITY CHURCH PURPOSE: DONATION TO CHURCH | $7,650 |
FRIENDS FOR SPECIAL NEEDS PURPOSE: CHILD SPONSORSHIP SUPPORT | $3,156 |